BNY Mellon Careers

Lead Analyst, Compliance & Control

Edinburgh, United Kingdom
Compliance


Job Description

Supports day-to-day anti-money laundering (AML) compliance efforts for the Company as they relate to regulatory requirements, with a focus on AML transaction surveillance and Suspicious Activity Reporting.

Principal Responsibilities:

Suspicious Activity Reports (SAR)
• Responsible for the ongoing development of the SAR process and local procedures
• Liaise with US SAR Control to develop better EMEA automation of SAR processes
• Record, review and investigate all UK SARs raised, including those received and escalated by UK Transfer Agency (UKTA). Oversee the UK TA SAR process
• Work with colleagues in Legal, HR, Corporate Security and Information Security to ensure the timely and proper investigation of all SARs
• Responsible for regular liaison with EMEA MLROs to ensure appropriate sharing of information and identification of red flags, including weekly updates for the EMEA Group MLRO
• Develop and enhance SAR MI and present same at regional AML oversight committee
• Adhere to policy, procedures, processes and controls
• Responsible for raising Incidents Reports (IRs) as required following investigation of alerts and to act as primary liaison with US SAR Control in respect of Reports raised
• Responsible for filing reports with external agencies (NCA etc) as required following investigation and approval of MLRO
• Review and investigation of Incident Reports (IRs) filed by UK employees

Transaction Monitoring

• Review and investigate transaction monitoring alerts in a timely manner, ensuring adherence to processes and controls
• Independently oversee alerts investigated by other analysts and provide sign off or conduct further investigation as necessary
• Ensure adequate records of investigations are maintained.
• Promptly raise suspicious activity reports as required following investigation of alerts.
• Work with manager to monitor the effectiveness of the system and suggest system and procedural improvements.
• Work with the business as required during investigation process.
• Attend meetings / workshops as required in relation to the transaction monitoring system.
• Log and investigate suspicious activity reports, as they relate to alerts investigated.
• Lead ad-hoc projects as required and directed by manager.

High Risk Country / Enhanced Country /Counterparty Reviews

• Review and investigate high risk client account activity in a timely manner, ensuring adherence to processes and controls.
• Independently oversee high risk & enhanced monitoring activity and provide sign off or conduct further investigation as required, liaising with US Surveillance colleagues as required.
• Ensure adequate records of investigations are maintained.
• Promptly raise SARs / IRs as required following reviews.
• Disseminate findings to the EMEA Group Surveillance Team Manager (UK) for discussion and consideration.

AMLOC Reviews

• Review and investigate periodic AMLOC reviews in a timely manner, ensuring adherence to processes and controls.
• Ensure adequate records of reviews and investigations are maintained.
• Promptly raise SARs / IRs as required following reviews.
• Disseminate findings to the EMEA Group Surveillance Team Manager (UK) for discussion and consideration.


Other
• Assist in and performance of other tasks and projects as directed by EMEA Group MLRO.
• As required, assist with the initial review of regional regulatory updates, ensure these are properly disseminated and analysed (including full gap analysis and work with US AML colleagues as necessary) and tracked via the automated system.
• Develop and prepare MI and KPI data and metrics
• Assist the EMEA Sanctions Co-ordinator as directed.
• Comply with all corporate policies and procedures within the department
• Alert management immediately of any significant changes to business risks and internal controls effectiveness
• Notify management immediately of any regulatory breach
• Comply with health and safety policies and procedures operating within the business.

Qualifications

Core Competencies:
• Adaptability
• Communication
• Interpersonal Skills
• Judgment
• Managing Risk.
Job Specific Competencies
• Investigative and questioning nature:
• Excellent inter-personal skills;
• Excellent organisational skills;
• Ability to manage and prioritise workload;
• Ability to communicate orally and in writing with various levels of management.

Technical Skills, Knowledge, Systems Knowledge (and associated skill level)
• Strong analytical skills, problem-solving ability and attention to detail;
• Excellent IT skills (in particular Microsoft Office)
• Experience with AML transaction surveillance systems (either automated or manual) preferred

Academic/Professional Qualifications
• Degree level education or equivalent

 

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BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: United Kingdom-Lothian Region-Edinburgh
Job: Compliance
Internal Jobcode: 85159
Organization: Compliance & Ethics-HR06015
Requisition Number: 1902698